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Arthur J. Gallagher & Co. Acquires W K Webster & Co Ltd

1. Gallagher Bassett acquires W K Webster & Co Ltd. 2. The acquisition enhances Gallagher Bassett's marine claims management services. 3. W K Webster operates globally from London, Singapore, and the U.S. 4. This move expands Gallagher's specialty capabilities in insurance services. 5. CEO believes the acquisition strengthens their market position.

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Why Bullish?

This acquisition enhances AJG's service offerings, which could lead to increased revenues, similar to past successful acquisitions that improved operational capabilities and market positioning.

How important is it?

The acquisition is significant for AJG as it diversifies service offerings and strengthens market presence, contributing to long-term growth potential.

Why Long Term?

The integration of W K Webster's capabilities is expected to boost AJG's growth trajectory over time as new services gain market traction.

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, /PRNewswire/ -- Arthur J. Gallagher & Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd (W K Webster). Terms of the transaction were not disclosed. W K Webster specializes in marine and transit claims management, providing comprehensive services to insurers and self-insured corporations globally. W K Webster is headquartered in London with offices in Singapore, the United States and the Netherlands. The W K Webster team, led by Anthony Smith, will join Gallagher Bassett under the direction of Manan Sagar, head of Gallagher Bassett's Europe, Middle East and Asia operations. "As a leader in marine and transit claims services, W K Webster brings longstanding market expertise and expands Gallagher Bassett's specialty capabilities globally," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Anthony and his team to our growing Gallagher family of professionals." Arthur J. Gallagher & Co. (NYSE:AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants. SOURCE Arthur J. Gallagher & Co. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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